Regulatory Alerts2012-05-25
Notice No. 24/2012 of May 25
The Bank of Angola mandates the use of standardized checks in its interbank payment system, establishing their technical specifications, a mandatory validity period between six and twenty-four months, and exclusive acceptance for clearing. The Notice requires issuing financial institutions to comply with defined security, storage, and transport controls while reserving the maximum issuance value for future regulation. It further stipulates that violations are punishable under existing financial institutions law, revokes specific prior provisions, and enters into force one hundred and eighty days after publication.
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